fter wavering, the S&P 500 closed higher to break its four-day slide. The Nasdaq 100 also advanced, as tech was the best-performing sector ETF.

Your Evening Briefing

November 19, 2025

Stocks break their four-day slide; Nvidia rises in post-market trading after crushing earnings estimates

After wavering, the S&P 500 closed higher to break its four-day slide. The Nasdaq 100 also advanced, as tech was the best-performing sector ETF. The Russell 2000 was slightly down.

Nvidia rose in after-hours trading after revenues and earnings beat expectations with Q4 sales guidance well ahead of estimates.

While the Bureau of Labor Statistics will release September jobs data tomorrow, BLS announced it canceled the October jobs report. Meanwhile, the minutes from October’s Fed meeting showed a divide among policy makers, adding to traders’ skittishness. The odds of no rate cut in December now stand at 66%, a stark shift from yesterday’s 50-50 split.

Stocks that moved higher:

  • Alphabet surged today on positive reception of Gemini 3, which was released yesterday.
  • GE Vernova jumped after the company signed a deal to supply 25 repower upgrade kits to Taiwan Power Company, its first wind repower upgrade contract outside the US.
  • Oklo rose after signing a contract with Siemens Energy to accelerate progress on its advanced fission power plant.
  • Unity Software climbed on news of a partnership with its biggest development rival, “Fortnite”-maker Epic Games.
  • Constellation Energy powered higher on yesterday’s news that the federal government will extend $1 billion in financing to the effort to restart the mothballed Three Mile Island nuclear plant.

Stocks that moved lower:

  • Netflix fell after Morgan Stanley said its potential bid for Warner Bros. Discovery’s studio and streaming assets raises “strategic questions.”
  • Target dropped after trimming its profit outlook ahead of the crucial holiday shopping season. OpenAI also announced today that it will integrate the Target app into ChatGPT.
  • Plug Power sank after announcing a $375 million convertible senior notes offering.

Nvidia Q3 earnings and sales beat estimates; Q4 sales outlook well ahead of expectations

Nvidia is reminding everyone how great it is to be the stock at the center of the AI boom. Read more.

Gemini 3 is insanely good at visual reasoning... and running a vending machine

Google’s stock is up maybe because Gemini 3 is good and its powered mostly by Google’s TPUs — or, maybe, because Alphabet’s about to launch a vending machine business.

Read more.

As you might expect, tablets, laptops, and other school-issued tech are relied on less heavily in elementary schools, with a healthy majority of students spending less than 1 hour a day on devices in the classroom, according to their teachers. Older kids, however, spend more time with devices in school. Per the most recent Pew Research Center figures, the average school day is around 6 hours in the US, meaning that the 40% of middle and high school students spend about half the school day on devices. 

Read more. 

  • More Americans are job-hugging as switching employers doesn’t pay like it used to
    With rising layoffs and fewer openings, job changes now bring the smallest relative pay bump in a decade — and workers are sticking where they are.
  • The world’s most common passwords usually follow the same formula
    A new report finds that Gen Z has a weaker top password choice than older generations — by just one digit.
  • Disney is weighing dynamic ticket pricing for its US parks
    Disney wants to optimize the airline pricing model for its parks before bringing it to Disney World or Disneyland in the US.
  • The strategic advantages of futures for traders
    Here’s why futures are useful for active traders and modern markets, and how to think about the leverage the instruments offer.
  • Tesla’s Robotaxi app is now actually “open to all” — if you’re in Austin or the Bay Area and have an iPhone
    The car still comes with a Tesla employee. 
  • Anthropic valuation shoots up to $350 billion
    A flurry of deals is driving valuations of AI startups through the roof.
  • xAI raising $15 billion for a $230 billion valuation
    xAI is burning cash to keep up with Anthropic and OpenAI.
  • Tesla gets approval for autonomous ride-hailing in Arizona with a safety monitor
    It’s similar to how Tesla operates its robotaxi service in Austin.
  • Musk: xAI to build 500 megawatt data center in Saudi Arabia with Humain using Nvidia GPUs
    Musk announced the deal at a US-Saudi investment forum in Washington. The project will use chips from Nvidia. 
  • Larry Summers resigns from OpenAI board
    Summers resigned from the board after his emails with Jeffrey Epstein became public.
 

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